Liverpool plotting £77m TRIPLE deal to catch Chelsea, Arsenal, Man United and City

The Reds are plotting bids for Christian Benteke, Memphis Depay and Denis Cheryshev as they look to build a squad capable of challenging for the title again next season.

And the Daily Mirror claim they will allow Raheem Sterling to move to Manchester City in a £50m deal to fund their summer transfer plans.

The 20-year-old is refusing to discuss a new deal to remain at Anfield and City are planning to bid for the England international when the transfer window reopens.

And his departure would significantly boost Brendan Rodgers' transfer budget which is currently limited to £30m before player sales.

The Reds are set for a busy summer following a disappointing campaign in which they are almost certain to miss out on a top four finish.

With as many as 10 players heading for the Anfield exit door, Rodgers has been busy identifying targets to strengthen his side.

Aston Villa striker Benteke is valued at £30m and manager Tim Sherwood admitted yesterday that while he didn't want to lose the Belgian, he would not stand in his way if the 24-year-old asked to leave.

BIG BEN: Christian Benteke would cost Liverpool £30m [GETTY]

“If a player doesn't want to play for the club any more and the club he wants to go to meets the valuation, it's best to let them go”

Tim Sherwood

Sherwood said: "If a player doesn't want to play for the club any more and the club he wants to go to meets the valuation, it's best to let them go."

Liverpool are battling Manchester United for PSV star Depay who will cost in the region of £25m.

The 21-year-old is the top scorer in the Dutch Eredivisie this season with 21 goals and would add much needed fire power to Rodgers' frontline which has struggled this term.

They are also hopeful of completing a deal for Real Madrid's Russian midfielder Cheryshev.

The 24-year-old has spent this season on loan at Villarreal but is unlikely to force his way into Madrid's first team on his return this summer.

The Daily Express claim the Reds have already made a £18m offer for Cheryshev but Madrid are holding out for £22m.

Liverpool also hope to sign James Milner on a free transfer when his contract expires at Manchester City at the end of the season.

Burnley striker Danny Ings, who is out of contract in the summer, is also on their radar.